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9 June 2009 EIA releases short-term energy outlook report

9 June 2009

EIA releases short-term energy outlook report

The US Energy Information Agency (EIA) released its periodic energy outlook report on 9 June indicating that: “Oil prices rose for the third consecutive month in May, driven in part by expectations of a global economic recovery and future increases in oil consumption. In addition, a weaker dollar and increasing financial market activity are prompting higher prices for commodities, overshadowing weak oil supply and demand fundamentals”.

 

Link to Full report >>